Borrow Wisely

Although student loans are a convenient source of funding for your education, it is important to budget and borrow carefully.

Consider ways to keep your costs down to reduce student loan debt.

Borrow only what you need.

Keep track of your loan debt and the amount you will have to repay when you graduate.

Take very seriously the responsibility of borrowing and repaying an educational loan.

Read and understand the terms and conditions on your promissory note. You are agreeing to repay the loan with all accrued and capitalized interest and deducted fees.

It is your responsibility to read and keep all your records and contact your lender regarding any changes in your status as a student.

You are obligated to repay your loan regardless of whether you complete your education, are satisfied with your education, or are able to find a job.

How conscientiously you make payments on your student loan will affect your ability to borrow for a car, a house, or other purchases in the future. If you are late with your student loan payments, it will have a negative effect on your credit history. On the other hand, repaying your student loan on time can help you establish and maintain an excellent credit history.